Credit Cards Archives

No doubt about it, consumers are out shopping on Black Friday, but they’re leaving their credit cards at home. A new study says credit card usage during the holiday season will be down at least 10%. What are shoppers doing instead? And what does the trend away from plastic mean to the credit card industry? Let’s take a look. Read more»
On any list of high-end retailers, you likely won’t find Sears (Stock Quote: SHLD). The retail giant has long been a value play for shoppers more than it has been a high-fashion, glamour stop at the mall, like a Nordstrom’s (Stock Quote: JWN) or a Neiman Marcus (Stock Quote: NMG). Read more»
Wouldn’t it be nice to slim your wallet and leave your credit cards at home? Or better yet, just get rid of them all together? Well, a new mobile application promises to be the next step in making this a reality. Read more»
How do you know if you have an unhealthy attachment to your plastic — and are potentially vulnerable to a mountain of debt? BankingMyWay has five red flags that suggest your relationship with your credit card is headed into addiction territory. First, know that Americans, even despite these though financial times, love their credit cards. Check out these statistics: Read more»
Credit card consumers are under assault from all fronts, the latest being a sustained, industry-wide cutback on credit card rewards programs. The trend toward lower reward options doesn’t make much sense at first glance — after all, what business wants to alienate its most loyal customers? Read more»
Divorce is hard enough without one spouse abusing a joint credit card. But take heart, there are a few tried-and-true ways to get a reluctant spouse off your credit card — and out of that part of your financial life. Read more»
They’re tough to get and high in demand, but obtaining the tricky, but useful zero-interest credit card is doable — if you know what landmines to navigate. Read more»
Because of tight credit and financial worries, consumers aren’t borrowing as much as they did a few years ago. That means they’re not spending big sums that could help boost the economy, which is a problem. But on an individual basis, tighter budgeting and stepped-up saving is good. So what’s a savvy consumer to do? Read more»
Paying the minimum amount on your monthly credit card tab is like running on a treadmill – you may feel better for a while, but you’re certainly not going anywhere. Here are some key moves to make the break the minimum payment habits – and save you big bucks in the process. Read more»
It seems like a great deal. You owe $10,000 on your credit card tab but the carrier will accept $5,000 to close out the account and retire the debt. So, you’re out of the woods, right? Wrong. What most consumers don’t realize is that, with forgiven debt, the card company will contact Uncle Sam and declare the unpaid amount as taxable income. Read more»
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